OTCQX:DMMIF - Post by User
Post by
OriginalFredon Jun 11, 2013 4:36pm
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Post# 21518081
Greedy socialists end up with zilch
Greedy socialists end up with zilch If the Ecuador socialists had put together a decent mining law in a timely manner, Kinross would have already spent hundreds of millions of dollars on Fruta del Norte and might even have a producing mine. All that would have happened with gold in the $1600 to $1900 range. Now that gold is languishing around $1375, the project is just not worth the capital investment.
The greedy socialists have blown away hundreds of millions of dollars because of their endless delays mixed with trying to squeeze every penny out of the company that was actually going to make all the investment and do all of the work.
This is what socialists do. They create bureaucracy and regulations, squeeze the productive, and everyone ends up poorer in the process.